Bitcoin dey crash as drone attack for Hormuz trigger $1B liquidations

US Central Command catch plenty Iranian one-way attack drones near Strait of Hormuz on June 12, dem call the actions defensive to protect commercial shipping. At least two drones dem say make dem shoot down, but total interceptions fit dey higher. Bitcoin react with sharp sell-off, drop to six-week low under $73,000. Traders price higher geopolitical risk for Strait of Hormuz, the route wey carry about 20% of global oil trade. Reports still talk say crypto liquidations pass $1 billion, framing this move as liquidity event wey force leverage unwinds rather than pure technical breakdown. The June 12 flare-up follow wider escalation cycle: US aerial campaign start late February, and earlier US actions include intercepting drones and striking Iranian radar sites in May. US-Iran ceasefire talks don face repeated setbacks. For crypto traders, this na clear “event-driven volatility” setup: when maritime energy flows dey threatened, Bitcoin fit reprice quick. For Hormuz risk regime, tighten position sizing and risk controls around geopolitical headlines, no be only chart levels.